The Unit Trust of Fiji Group (UTOF) has launched its subsidiary, UTOF Properties Pte Limited, with ambitious plans to reach over $500 million in investments by 2028. Isikeli Tikoduadua, the inaugural chairman, highlighted the potential of Fiji’s commercial property sector, emphasizing its transformative phase driven by urbanization, economic diversification, and a renewed emphasis on infrastructure development.
At a recent launch event for a $150 million commercial project, Mr. Tikoduadua stated, “As the gateway to the Pacific, Fiji is uniquely positioned to become a regional hub for commerce, finance, and tourism. This presents a compelling opportunity for strategic investment in high-quality, future-ready commercial infrastructure.” He envisions a future where developments are not only financially viable but also architecturally striking, environmentally sustainable, and socially inclusive.
The first project under UTOF Properties is a $100 million, 10-storey eco-friendly commercial building complex located on Suva’s McGregor Road, developed in collaboration with Fortech Group. The second venture involves a $20 million luxury apartment complex on Ratu Iloilovatu Street in Laucala, featuring high-end apartments with modern amenities. The third project in Namaka, Nadi, will erect a six-storey commercial building at an investment of $20 million, catering to the diverse needs of local businesses and consumers.
All three projects are set to proceed simultaneously and are expected to be completed within two years, showcasing modern architectural design and energy-efficient systems, alongside flexible floor plans.
This initiative aligns with other major commercial developments in the region. Projects like the Tabua Tower in Suva highlight a broader commitment to enhancing urban infrastructure and commercial offerings, further solidifying Fiji’s position in the Pacific region. The investment announced by UTOF is not only a strong signal for local economic growth but also promises to create numerous job opportunities, thereby uplifting the community as a whole. With such strategic investments underway, the outlook for Fiji’s economic landscape appears increasingly optimistic.
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